Russian-installed authorities in Crimea said on Friday they had nationalized around 500 properties in the peninsula belonging to Ukrainian oligarchs and politicians.

“At an absentee vote, the deputies of the State Council of the Republic of Crimea adopted a resolution on the nationalization of the property of foreign citizens and states that commit unfriendly actions against Russia,” Vladimir Konstantinov, speaker of the Crimean parliament said in a Telegram post. 

The property of Ukrainian oligarchs Serhiy Taruta, Igor Kolomoisky, Rinat Akhmetov and Arseniy Yatsenyuk are subject to nationalization. The list also includes the property of 12 Ukrainian banks and the Dynamo Kyiv football club, Russian state media TASS reported on Friday. 

Some background: Crimea was forcibly seized by Russia in 2014. The Crimean peninsula is home to Russia’s Black Sea Fleet, which is based at Sevastopol. The peninsula acted as a launching pad for Russia's invasion of Ukraine, with Russian troops pouring into Ukraine’s south from the annexed region.